Nigeria - Refractory Products of Siliceous or Diatomite Earths - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Refractory Products of Siliceous or Diatomite Earths in Nigeria - 2023
Contents:
- Price for Refractory Products of Siliceous or Diatomite Earths in Nigeria (CIF) - 2022
- Price for Refractory Products of Siliceous or Diatomite Earths in Nigeria (FOB) - 2023
- Imports of Refractory Products of Siliceous or Diatomite Earths in Nigeria
- Exports of Refractory Products of Siliceous or Diatomite Earths in Nigeria
Price for Refractory Products of Siliceous or Diatomite Earths in Nigeria (CIF) - 2022
In 2022, the average import price for refractory products of siliceous or diatomite earths amounted to $587 per ton, rising by 85% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 109% against the previous year. As a result, import price attained the peak level of $967 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($654 per ton) and South Africa ($577 per ton), while the price for China ($530 per ton) and Spain ($534 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.2%), while the prices for the other major suppliers experienced a decline.
Price for Refractory Products of Siliceous or Diatomite Earths in Nigeria (FOB) - 2023
The average export price for refractory products of siliceous or diatomite earths stood at $250 per ton in October 2023, rising by 96% against the previous month. Over the period under review, the export price continues to indicate a slight increase. Over the period under review, the average export prices reached the peak figure at $258 per ton in June 2023; however, from July 2023 to October 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Benin.
From May 2023 to October 2023, the rate of growth in terms of prices for Benin amounted to +1.5% per month.
Imports of Refractory Products of Siliceous or Diatomite Earths in Nigeria
In 2022, supplies from abroad of refractory products of siliceous or diatomite earths decreased by -53% to 6.4K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 472% against the previous year. As a result, imports attained the peak of 24K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of refractory products of siliceous or diatomite earths dropped to $3.7M in 2022. Overall, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 396%. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Refractory Products of Siliceous or Diatomite Earths in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 0.5 | 1.5 | 1.8 | 2.7 | 75.4% |
| China | 1.5 | 8.8 | 2.1 | 0.8 | -18.9% |
| Spain | N/A | 0.4 | 0.3 | N/A | -25.0% |
| Others | 0.1 | 0.1 | N/A | 0.3 | 44.2% |
| Total | 2.2 | 10.8 | 4.3 | 3.7 | 18.9% |
Top Suppliers of Refractory Products of Siliceous or Diatomite Earths to Nigeria in 2022:
- South Africa (4.6K tons)
- China (1.5K tons)
Exports of Refractory Products of Siliceous or Diatomite Earths in Nigeria
Exports of refractory products of siliceous or diatomite earths from Nigeria skyrocketed to 233 tons in 2022, picking up by 480% on the year before. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of refractory products of siliceous or diatomite earths skyrocketed to $80K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Refractory Products of Siliceous or Diatomite Earths in Nigeria (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 |
| Benin | 15.6 | 77.6 | 397.4% |
| Others | 1.9 | 2.8 | 47.4% |
| Total | 17.5 | 80.4 | 359.4% |
Top Export Markets for Refractory Products of Siliceous or Diatomite Earths from Nigeria in 2022:
- Benin (232.9 tons)
This report provides an in-depth analysis of the market for refractory products of siliceous or diatomite earths in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23201100 - Ceramic goods of siliceous fossil meals or earths including bricks, blocks, slabs, panels, tiles, hollow bricks, cylinder shells and pipes excluding filter plates containing kieselguhr and quartz
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for refractory products of siliceous or diatomite earths in Nigeria.
432
This report provides an in-depth analysis of the global market for refractory products of siliceous or diatomite earths.
291
This report provides an in-depth analysis of the market for refractory products of siliceous or diatomite earths in Nigeria.
432
This report provides an in-depth analysis of the global market for refractory products of siliceous or diatomite earths.
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